Multiple Choice Questions:Choose the correct answer from the choices for each question. 1. What does CAC stand for? A) Customer Analysis Cost B) Customer Acquisition Cost C) Customer Allocation Cost D) Customer Advertising Cost 2. Why is CAC important for businesses? A) To determine the price of their products B) To evaluate the efficiency of their customer acquisition strategies C) To calculate employee salaries D) To measure customer satisfaction

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Multiple Choice Questions:Choose the correct answer from the choices for each question. 1. What does CAC stand for? A) Customer Analysis Cost B) Customer Acquisition Cost C) Customer Allocation Cost D) Customer Advertising Cost 2. Why is CAC important for businesses? A) To determine the price of their products B) To evaluate the efficiency of their customer acquisition strategies C) To calculate employee salaries D) To measure customer satisfaction

Answer 1

1. B) Customer Acquisition Cost2. B) To evaluate the efficiency of their customer acquisition strategiesExplanation:1. CAC stands for Customer Acquisition Cost, which refers to the cost associated with acquiring a new customer. It is a key metric used to measure the effectiveness and efficiency of a company's marketing and sales efforts.2. CAC is important for businesses because it helps them evaluate the efficiency of their customer acquisition strategies. By understanding the cost of acquiring each new customer, businesses can determine whether their marketing and sales efforts are yielding the desired results and make necessary adjustments to optimize their customer acquisition process.

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